The funds will be included in the Senate version of the 2023 NDAA
By Dave DeCamp, AntiWar.com
The Senate’s version of the 2023 National Defense Authorization Act (NDAA) will include $10 billion in military aid for Taiwan, Defense News reported on Monday.
The $10 billion would be given to Taiwan over five years in the form of Foreign Military Financing (FMF), a State Department program that gives foreign governments money to purchase US weapons.
However, Taiwan will be able to use $300 million of the FMF each year to purchase military equipment from its own industrial base, a privilege only currently enjoyed by Israel. Other FMF recipients need waivers to use the funds to purchase arms that don’t come from the US.
The $10 billion is a massive increase from the $4.5 billion initially proposed by Senators Bob Menendez (D-NJ) and Lindsey Graham (R-SC) in a piece of legislation known as the Taiwan Policy Act. The Senate Foreign Relations Committee brought the military aid up to $6.5 billion when it advanced the bill in September.
Recent Posts
Big Systems, Bigger Profits: Consumers Are Paying the Price of Corporate Hospital Power
Take Action Now The analysis found every state dominated by a handful of system-owned hospitals, which not only charged higher rates on average but…
History of U.S.-Cuba Turmoil & the Possibility of a Full-Scale War
Take Action Now The U.S., while threatening an invasion and assassination of its leaders and/or bombing of Cuba is already conducting an act of war…
These Poor Billionaires Are Melting Down Over Taxing the Rich
Take Action Now Facing the prospect of paying a bit more in taxes, billionaires are responding calmly and rationally: by calling themselves a…
The New Jim Crow
Take Action Now What happened in Alabama on ThursdayBy Joyce Vance, Civil Discourse with Joyce Vance In the wake of the Supreme Court’s decision…